I need info on cisa study material n all stuff please dont provide me isaca link explain me in ur own language and from which material i need to study n can i get material without registeration
Dear All,
I have a client who got a notice u/s 143(2)for A.Y. 2010-11 on 20th September 2012. He had filed a belated return of income for the A.Y. on 21st March 2012. Now while going through his bank statements I found that his actual turnover from business is 2 cores. He has not got his books of accounts audited. My question is can I conduct his audit u/s 44AB now. How do I deal with this assessment?
Thanks!
One of my client is tour operator providing services in Accommodation,Package tours,Other services.He is charging service tax on @1.236% on accommodation, @3.09% on package tours & 4.944% on other services.
Now while preparing challan for payment of service tax, should we prepare a single challan comprising all the three services or separate challan for different services.According to me all the three services are covered under Tour Operator services having code as 00440063.Please guide me.
Shall i prepare gift deed of payment made in past.?
And within which date i prepare such deed.?
Dear Sir,
I have the following query.
One of the clients (he is in 30% tax bracket) and his wife is a house wife (no income).
The husband wanted to buy a house with home loan. Now the question is, if he goes for registering the house in his wife name alone or register as joint owner for the house, won't the client get the complete benefit of principal deduction u/s 80c and interest u/s 24b in full as he will be repaying the loan EMI from his income source?
Looking forward your response.
what is meant by mangement trainee and a graduate trainee in recruitment advertusements?
Is there required to make nil balance every year in cash credit account? why
AS per new notification of service tax , we have we liable to deduct & deposit 75% service tax from Inv received from civil contractors ????????
My mother-in-law has purchased a property in 1962 for Rs.7000.She has 3 daughters.Now she decided to sell the property for Rs.1.25 crores in the financial year 2012-13.She is aged 80 years.She wants to divide the sale value among her three daughters.Please answer my queries:
1)How much capital gain tax will involve if she decide not to buy property/invest in 3 year bonds?
2Is there any relief as she wants to gift the proceeds to her dughters?
3)How can she plan her tax payment?
4)what would be the tax liability if she goes for payment of tax by availing idexation?
5)Is she eligible for tax payment without indexation @10%of capital gain?
6)Can she keep the capital gain in her SB account or in her daughters s Account till she decide on her move to invest either in bonds or goes for purchase of property?Can she utilise the money for family expenses till the time limit for investment?ie.date of filing of IT return?
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